This would be Jerome Cahuzac, the French “budget minister” who was tasked with rooting out tax fraud by his socialist “75% tax or the capitalist pigs win” overlord, and who resigned two weeks ago to avoid “hindering” an investigation into allegations he had a secret Swiss account, all the while maintaining his innocence? Well, he was just exposed as the latest lying Eurocrat politicians.
FORMER FRENCH BUDGET MINISTER SAYS LIED ABOUT BANK ACCOUNT
EX-FRENCH BUDGET MINISTER SAYS HAS HAD THE FOREIGN BANK ACCOUNT FOR ABOUT 20 YEARS
EX-FRENCH BUDGET MINISTER SAYS HAD EU600,000 IN FOREIGN ACCOUNT
EX-FRENCH BUDGET MINISTER APOLOGIZES TO HOLLANDE, AYRAULT
Where did he make the confession?
EX-FRENCH BUDGET MINISTER COMMENTED ON HIS BLOG TODAY
The take home:
EX-FRENCH BUDGET MINISTER SAYS `CAUGHT IN SPIRAL OF LIES’
In other words: just another politician.
But that’s ok: it got serious - he could have gone to jail or been fired in disgrace, so naturally he had to lie.
It was only yesterday that we wrote about comparable problems to those which Russian depositors may (or may not be?) suffering in Cyprus right, this time impacting wealthy Americans and their Swiss bank accounts, where as a result of unprecedented DOJ pressure the local banks will soon breach all client confidentiality and expose all US citizens who still have cash in the former tax haven under the assumption that they are all tax evaders and violators. And in the continuum of creeping wealth taxes which first started in Switzerland, then Cyprus, and soon who knows where else, there was just one question: “The question then is: how many of the oligarchs, Russian or otherwise, who avoided a complete wipe out and total capital controls in Cyprus, will wait to find out if the same fate will befall them in Switzerland? Or Luxembourg? Or Liechtenstein? Or Singapore?” Today we got the answer, and yes it was one of the abovementioned usual suspects. The winner is…. Liechtenstein.
That even former French president Nicolas Sarkozy plans to start a £1 billion private equity fund in London is not news: courtesy of ZIRP and the ongoing global reliquifiication of markets by every central bank as currency warfare goes ballistic, one would have to be seriously unlucky to chase the central planner inflated beta rally and not succeed (one would also have to be very unaware of the difference between nominal and real returns, but since that is most people these days, let’s ignore that). What is news, is that as part of said transfer to the “asset management business” it is none other than the former French president who is next in line to evade Hollande’s millionaire tax by crossing the Channel, and “redomiciling” himself in London.
Culture minister says government is considering making those who own a computer screen but no television pay up
The French government is considering extending the television licence fee to include computer screen owners to boost revenues for public-sector broadcasting operations, the culture minister said on Saturday.
President François Hollande’s Socialist government aims to raise an extra €7.5bn (£6bn) this year through tax rises included in an amended budget bill to be unveiled next week.
Courtesy of the class division SWAT team, we already know all too well that Buffett had a lower tax rate than this secretary. We however have a question: according to just released data, the Obama’s paid $789,674 in taxes in 2011…
OBAMAS PAID 20.5% IN TAXES ON $789,674 IN 2011
From Bloomberg: “President Obama, wife Michelle had adjusted gross income of $789,674 in 2011, paid $162,074 in taxes, according to federal tax returns released by White House.”
Since the European colonial state of southern Bavaria Sachs (formerly known as the insolvent Hellenic Republic) no longer even pretends to be anything less than a pass-thru funding colony of its creditors, said creditors (European banks and various insurance companies) are about to send out the first group of colonial scouts in the form of German tax collectors. Also, since as reported previously, Greece will literally have to collect taxes to fund the Second “bailout package”, which is merely a front for on ongoing Greek bailout of European banks (recall that it is Greece who is partially funding the bailout Escrow Account), said tax collectors will assist their Greek counterparts (who will rather likely miss their quote of becoming 200% more efficient in 2012) in collecting money from Greek citizens to pay off German banks. If in the process a few (or all) bars of gold end up missing, so be it.
More than 160 German financial services executives are willing to come to Greece in order to strengthen the Greek tax mechanism, according to a report to be published in the German magazine ‘Wirtschafts Woche’, which will be released on Monday.
Corporate jets used by billionaires the Duke of Westminster and Lord Ashcroft are among the aircraft to be allocated free “carbon allowances” to offset the cost of a new green tax.
Almost 200 corporate jet owners, from oil company ExxonMobil to Starbucks and Iceland Foods, will be awarded free permits to compensate them for the new expense of Europe’s carbon trading scheme for aircraft. Continue reading »